2 Startup India

Startup India

Section 80-IAC deduction- Incorporation date extended for eligible start-up

Income Tax - Budget 2023 amends Section 80-IAC to extend the period of incorporation of eligible start-ups to 1st day of April 2024....

Read More

Relief to start-ups in carrying forward and setting off of losses

Income Tax - Time period for carrying forward and setting off of losses of eligible start-ups is increased from 7 years to 10 years from incorporation date...

Read More

Decoding section 80IAC of Income Tax Act 1961

Income Tax - Section 80IAC of the Income Tax Act, 1961 is an important provision for startups and small businesses looking to avail tax benefits. As per the section, a person is eligible for a deduction for profits for any one assessment year out of 10 assessment years....

Read More

Balancing brand loyalty & price sensitivity in Today’s marketplace

Income Tax - Hindenburg Research has released the findings of a 2-year investigation, claiming that Indian conglomerate Adani Group has been engaging in manipulation of stock prices and accounting fraud amounting to INR 17.8 trillion (U.S. $218 billion) over the course of decades. Additionally, the investigation has revealed that several key listed Ad...

Read More

Standup India: Harnessing the power of Enterpreneurship

Income Tax - Introduction ‘Stand Up India’ is an ambitious initiative by the government of India which was launched in April 2016 by the Hon’ble Prime Minister Narendra Modi, to promote entrepreneurship and capital investment among people belonging to the Scheduled Castes (SC) and Scheduled Tribes (ST) and women. The initiative is ai...

Read More

Number of recognized Startups increased from 452 in 2016 to 84,012 in 2022

Income Tax - Sustained Government efforts result in increasing the number of recognized Startups from 452 in 2016 to 84,012 in 2022 Sustained Government efforts in this direction have resulted in increasing the   number of recognized Startups from 452 in 2016 to 84,012 in 2022 (as on 30th November 2022), Minister of State for Commerce and Industry...

Read More

Startup India launches Startup applications for MAARG Portal

Income Tax - The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has launched a call for startup applications for registration on the MAARG portal, the National Mentorship Platform by Startup India. To further boost the Indian startup ecosystem, currently ranked 3rd largest globally, Startu...

Read More

DPIIT notifies establishment of Credit Guarantee Scheme for Startups

Income Tax - Department for Promotion of Industry and Internal Trade (DPIIT) notifies establishment of Credit Guarantee Scheme for Startups (CGSS). This Scheme will act as a key enabler and risk mitigation measure for lending institutions, enabling collateral free funding to startups. The Department for Promotion of Industry and Internal Trade (DPIIT...

Read More

India achieves landmark milestone, over 75000 startups recognised so far

Income Tax - India achieves landmark milestone, over 75000 startups recognised so far These numbers tell the power of a vision to see innovation and drive growth, says Piyush Goyal Latest 10000 startups recognised in 156 days compared to initial ten thousand startups in 808 days 7.46 lakh jobs created by the Indian startup ecosystem 49% of startups [&...

Read More

​​​More than 4500 startups recognized under emerging technologies

Income Tax - Due to proactive government interventions, Startups have grown from 471 in 2016 to 72,993 in 2022 Startups spread across 56 diversified sectors ​​​​​​​ More than 4500 startups recognized under emerging technologies such as IOT, Robotics, AI and Analytics etc. Startups and the entire technology ecosystem are the engines of gr...

Read More

TP- operating cost should be calculated by adjusting abnormal cost incurred on account of Start-up Company

HCL Technologies BPO Services Ltd Vs ACIT (ITAT Delhi) - In the case of HCL Technologies BPO Services Ltd vs. ACIT, ITAT has held that for transfer pricing only amount retained by associates from end user is to be taken into account for transfer pricing adjustment, and to adjust operating cost by excluding abnormal cost incurred on a/c of Startup Company ...

Read More

Govt notifies Credit Guarantee Scheme for Startups (CGSS)

Notification No. S.O. 4741(E). - (06/10/2022) - Credit Guarantee Scheme for Startups (CGSS)is to provide guarantee upto a specified limit against credit instruments extended by Member Institutions (MIs) to finance eligible Startups. ...

Read More

Reg. Startup for fast track corporate insolvency resolution process

Notification No. S.O. 4142(E) - (30/08/2022) - Govt has notified that for an application for fast track corporate insolvency resolution process may be made also by a Startup (other than the partnership firm) as defined vide Notification No. G.S.R. 127(E), dated the 19th February, 2019 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30t...

Read More

Fast track mergers extended to Starts ups & other small companies

Notification No. G.S.R. 93(E) - (01/02/2021) - (1) These rules may be called the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette....

Read More

Startup India Seed Fund Scheme (SISFS) – Eligibility Criteria

Notification No. S.O. 414 (E). - (21/01/2021) - Central Government has approved the ‘Startup India Seed Fund Scheme (SISFS)’ to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. SISFS shall provide financial assistance to startups via corpus of Rs. 945 Cro...

Read More

Fall in collection of direct taxes is on expected lines: CBDT

NA - (07/06/2020) - There are reports in a certain section of media that the growth of direct taxes collection for the FY 2019-20 has fallen drastically and buoyancy of the direct tax collection as compared to the GDP growth has reached negative. These reports do not portray the correct picture regarding the growth of ...

Read More

Recent Posts in "Startup India"

Section 80-IAC deduction- Incorporation date extended for eligible start-up

Budget 2023 amends Section 80-IAC to extend the period of incorporation of eligible start-ups to 1st day of April 2024....

Read More
Posted Under: Finance |

Relief to start-ups in carrying forward and setting off of losses

Time period for carrying forward and setting off of losses of eligible start-ups is increased from 7 years to 10 years from incorporation date...

Read More
Posted Under: Finance |

Decoding section 80IAC of Income Tax Act 1961

Section 80IAC of the Income Tax Act, 1961 is an important provision for startups and small businesses looking to avail tax benefits. As per the section, a person is eligible for a deduction for profits for any one assessment year out of 10 assessment years....

Read More
Posted Under: Finance |

Balancing brand loyalty & price sensitivity in Today’s marketplace

Hindenburg Research has released the findings of a 2-year investigation, claiming that Indian conglomerate Adani Group has been engaging in manipulation of stock prices and accounting fraud amounting to INR 17.8 trillion (U.S. $218 billion) over the course of decades. Additionally, the investigation has revealed that several key listed Ad...

Read More
Posted Under: Finance |

Standup India: Harnessing the power of Enterpreneurship

Introduction ‘Stand Up India’ is an ambitious initiative by the government of India which was launched in April 2016 by the Hon’ble Prime Minister Narendra Modi, to promote entrepreneurship and capital investment among people belonging to the Scheduled Castes (SC) and Scheduled Tribes (ST) and women. The initiative is ai...

Read More
Posted Under: Finance |

Impact of Adani Group’s Sustainable Practices on Financial Performance

Introduction The Adani Group is one of India’s most powerful corporate entities, and is rapidly becoming one of the most influential in the world. Founded in 1988, the Group has grown into a global powerhouse. It is currently involved in the generation of power, trader and logistics, resources, minerals, and agribusiness sectors. Th...

Read More
Posted Under: Finance |

Unveiling Adani Group: An in depth analysis

The Adani Group is one of the most prominent corporate conglomerates in India. The group consists of eleven companies that are listed on Indian share markets and also on the National Stock Exchange. The group has a strong presence in the construction, power, resources, commodities, and infrastructure sectors. In recent years, the company ...

Read More
Posted Under: Finance |

चाहे अडानी हो या फिर चाहे हो नामी स्टार्ट अप, खुदरा निवेशक तो लुटेगा

भारतीय शेयर बाजारों में आज भी आम निवेशकों को खुलेआम लूटा जा रहा है और वो भी सरकार की नाक के नीचे, आखिर निवेशक कहां निवेश करें और किस ...

Read More
Posted Under: Finance |

Pre-Budget 2023 Thoughts- Expectations of Startup Companies

1. Reduction in rate of Minimum Alternate Tax (MAT) : Section 115JB of the Act requires every company to pay 15% of MAT where the normal tax liability of such company is less than 15% of the book profit. A company opting for special rate taxation under section 115BAA and 115BAB of the Act are […]...

Read More
Posted Under: Finance |

India’s Unicorn Startups: A Comprehensive Analysis

It is no secret that India’s latest growth story is a tale of innovation and entrepreneurship. India’s unicorn club is booming as is the overall startup landscape. Home to an impressive 107 unicorns with a total valuation of a whopping $ 340.79 Bn, India has emerged as the 3rd largest ecosystem for startups globally (after […]...

Read More
Posted Under: Finance |

Browse All Categories

CA, CS, CMA (6,281)
Company Law (8,867)
Corporate Law (11,275)
Custom Duty (9,764)
DGFT (4,928)
Excise Duty (5,019)
Fema / RBI (5,403)
Finance (5,892)
Income Tax (44,146)
SEBI (4,758)
Service Tax (4,187)